Britain struggles to absorb Brexit’s political and financial impact

Meanwhile, Jonathan Hill, Britains representative to the European Commission in Brussels, announced his resignation. Hill, who had campaigned against British secession, said he was very disappointed by the referendum result, but what is done cannot be undone, according to the Associated Press. Corbyn said Saturday morning that he would not stand down voluntarily and would contest any new leadership election.

Saturday’s British newspaper headlines captured the emotions of a divided nation reeling with the implications of Thursday’s vote. “Birth of a New Nation,” said the Daily Telegraph. “Brexit Earthquake,” said the Times. The Daily Mail said, “Take a Bow, Britain,” while the Daily Mirror said, “So what the hell happens now?”

Just how much time British officials will have to undertake a relatively orderly transition to life apart from the European Union wasn’t clear this weekend. Cameron, in his announcement of resignation, said the country would not trigger the formal process of withdrawal until after a new prime minister is in place —hopefully, he said, by October.